AAPLSPYMSFTNVDAGLDETHTSLAQQQXRP
If Strategy bought Microsoft instead of Bitcoin…
$78.8B↑ vs $54.1B BTC value
Total invested
$63.9B
116 transactions
MSFT value today
$78.8B
+23.4% return
BTC value today
$54.1B
-15.2% return
MSFT outperformed by
+$24.7B
+39% more return on capital
Bitcoin (actual)
MSFT (hypothetical, total return)
Quietly working in the background
Dividends earned along the way
MSFT paid 24 dividends over this period
Cash dividends paid
$851M
before reinvestment
Compounded reinvested value
$1.0B
↑ $185M from reinvestment
Share of MSFT's total return
1.3%
rest is price appreciation
Where MSFT's $78.8B value comes from
total return = price + dividends
Price appreciation · $77.8B
Dividends · $1.0B
Price-only return
Reinvested dividends (compounded at ex-date avg price)
MSFT's lead over Bitcoin is largely price appreciation. $851M in dividends were reinvested along the way, compounding into the total.
Per-transaction breakdown
Showing 10 most recent of 116 transactions
Transaction dateAmountBTC value nowMSFT value now
Jul 6, 2026Sale$135M$135M$135M
Jun 30, 2026Sale$81M$81M$81M
Jun 22, 2026$35M$33M$46M
Jun 15, 2026$100M$102M$124M
Jun 8, 2026$101M$99M$121M
Jun 1, 2026Sale$2M$2M$2M
May 18, 2026$2.0B$1.6B$2.4B
May 11, 2026$43M$34M$52M
Apr 27, 2026$255M$210M$298M
Apr 20, 2026$2.5B$2.2B$3.0B

MSFT value includes reinvested dividends. Splits are silently adjusted. Saylor often makes multiple purchases per month — each is its own row. See methodology.